Market watcher Zach Rector believes XRP path to double digits is only delayed, not denied, as ETF approvals remain paused amid the U.S. government shutdown.
Anticipation for dedicated U.S. XRP spot ETFs remains high, but recent political gridlock in Washington has temporarily slowed progress.
Specifically, the ongoing government shutdown has forced the SEC to suspend most routine operations, including ETF approvals.
While the SEC can still act in emergencies, product approvals such as those for XRP and Solana ETFs are currently on hold. Despite this pause, market watchers see it as only a short-term setback.
“On Our Way to Double Digits” XRP
Market commentator Zach Rector shared on X that once the shutdown is over, the pending XRP ETFs will go live. He expressed confidence that upon the eventual launch, “we’ll be well on our way to double digits.”
In other words, Rector is predicting an XRP price surge to at least $10 upon the arrival of the ETFs. His view aligns with widespread optimism that institutional capital will flow rapidly once the SEC gives the green light after resuming normal operations.
Shutdown Extends Retail Investors’ Opportunity
As covered earlier, ETF analysts, including Nate Geraci and Eleanor Terrett, have noted that the shutdown impacts ETF timelines but not their long-term outlook.
With Congress unable to reach a funding deal, nearly 900,000 federal workers are furloughed, and the SEC operates with only a skeleton staff.
However, many in the XRP community view this as a final window of opportunity. Rector previously commented that the delay “extends your chance to front-run institutions.”
Data from Santiment supports this notion. Institutional wallets accumulated $1 billion in August and another $750 million in the first week of October.
This suggests that large players are quietly positioning ahead of an approval, preparing for an expected influx of regulated investment once ETFs launch.
More Analysts See Double-Digit XRP After ETF Inflows
Amid the wait, forecasts for XRP’s post-ETF rally remain strong. Some analysts have projected that XRP could trade up to $50 once institutional inflows begin.
Canary Capital has estimated up to $5 billion in early investments, while its CEO Steve McClurg recently raised that projection to $10 billion in the first month, calling it a “safe bet.”
If this happens, the impact could be historic. Based on a conservative market flow multiplier of 54.4x, a $10 billion inflow could increase XRP’s market cap by roughly $544 billion, pushing its price toward $12 within weeks of trading.
While ETF approvals remain paused under the SEC’s limited operations, the Generic Listing Standards framework now in place means that once the shutdown ends, issuers like Grayscale, Bitwise, and 21Shares can move to list XRP ETFs without lengthy review cycles.
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